TCIE is best placed among peers in the times of lacklustre demand owing to its strong balance sheet, focus on other revenue streams and possibility of further cost efficiencies from Pune automatic sorting centre
IPO: Go Digit overall market share is 3%. The company will do well as the scope of general insurance is huge due to low penetration in India. Subscribe: SBI Securities
Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance and other insurance products which the customers can customize to meet his or her needs
Nitin Spinners Ltd is all Set to grow well with new capacity on stream. Buy for target price of ₹465 (36% upside): SMIFS
Nitin Spinners Ltd (NSPL) came out with a decent performance in an improving business
environment (from margin perspective) during Q4FY24. Recent capacity addition led to ~22%/~64%/~30% growth in sales/EBITDA/PBT on YoY basis
Zen Technologies Ltd is a Rising Star. Co has guided for Rs 900 cr plus revenue along with EBITDA margin of ~35% for FY25. Buy for target price of ₹1137 (20.4% upside): SBI Securities
Valuation still attractive; Maintain buy rating- Target Rs 1,137/- At the current price, Zen Technologies is trading at 36.8x/26.1x of its FY25E/FY26E earnings respectively. We maintained our buy rating on the stock with upgraded price target of Rs 1,137.0/- thus providing an upside potential of 20.4 %
SBI has demonstrated its strength in the last few quarters both on core operating performance and asset quality. Buy for target price of ₹1000 (22% upside): ICICI Direct
SBI has demonstrated its strength in the last few quarters both on core operating performance and asset quality. Management remains confident on growth, maintenance of margins and improvement in RoA. Sustained balance sheet growth (13-15%), strong liabilities franchise and prudent asset quality is expected to aid RoA at ~1% in FY25-26E. Gains on treasury and recovery from existing stressed book to act as catalyst. Valuing the bank at ~1.6x FY26E BV and subsidiaries at ~₹184/share, we revise our target price at ₹1000 (from ₹800). Maintain Buy
HIL has dominant market position in the domestic fiber cement sheet industry. Buy for target price of ₹3093 (25% upside): SMIFS
Considering HIL’s dominant market position in the domestic fiber cement sheet industry and its commitment to achieve USD 1 bn revenue over next 3-4 years, we continue to value the stock at 10xFY26e EPS of Rs. 309.3 to arrive at a target price of Rs. 3093. We continue to have a “Buy” rating on the stock
BSE has limited scope for further rerating. Reduce for target prie of ₹2860: HDFC Sec
We thereby downgrade BSE to REDUCE, based on regulatory uncertainty, expected growth moderation in FY26E and rich valuations. Our target price of INR 2,860 is based on 35x (vs 40x earlier) core FY26E PAT + CDSL stake + net cash ex SGWe thereby downgrade BSE to REDUCE, based on regulatory uncertainty, expected growth moderation in FY26E and rich valuations. Our target price of INR 2,860 is based on 35x (vs 40x earlier) core FY26E PAT + CDSL stake + net cash ex SGWe thereby downgrade BSE to REDUCE, based on regulatory uncertainty, expected growth moderation in FY26E and rich valuations. Our target price of INR 2,860 is based on 35x (vs 40x earlier) core FY26E PAT + CDSL stake + net cash ex SG
The Anup Engineering has strong visibility going ahead. Buy for target price of ₹2600 (28% upside): ICICI Direct
The Anup Engineering (TAEL) is one of the leading manufacturers of process equipment like heat exchangers, vessels, reactors, columns etc. Company supplies this equipment to sectors like oil & gas, petrochemicals, chemicals, fertiliser, power, aerospace and other process Industries in India and worldwide
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